Blog

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UK Property Market is Looking Positive

UK house price growth has been slowing since the summer of 2014, but forecasts predict a positive outlook for the next few years. According to real estate firm Knight Frank, price growth across the nation is expected to be 1% in 2018, reaching 14.2% cumulatively between 2018 and 2022. However, prices in London are forecast to fall by 0.5% in 2018. It is widely thought that cumulative growth over the next five years will be positive in the capital though – sitting at 13.1%.

A continuing trend is slightly stronger growth

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The Average UK Property Now Sells for £10,623 Less Than the Asking Price

Research by Zoopla has shown that the average home in England and Wales is being sold for almost £11,000 less than the asking price. Final sale prices have slipped 0.32% year-on-year, with vendors in Wales the worst off – where homes are now being sold for 5.87% less than the original list price. Across the UK, accepted offers are, on average £10,623 less than the originally advertised price.

From a regional perspective, properties in the notoriously expensive South East of England are selling closest to the amount advertised – having dropped

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Stamp Duty Changes – How Much Will You Have To Pay?

After the announcement in the budget that stamp duty for first time buyers has been abolished for anyone buying a property worth up to £300,000 – we thought it would be good to remind you what you’ll have to pay as a ‘next time’ buyer.

For properties up to £125,000 the rate remains at 0%. Those priced £125,001 to £250,000 have a rate of 2% and those at £250,001 to £925,000 a rate of 5%. Properties priced between £925,001 to £1.5 million have a rate of 10% and those lucky enough

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The Midlands Is Surpassing London When It Comes To Investor Interest!

The 2017 Property and Construction Outlook report from Crowe Clark Whitehill reported that the West Midlands is ahead of London in terms of regions that offer the best outlook for property investment over the next 12 months.

The Midlands is fast becoming a much more attractive investor opportunity on a yield/income basis in comparison to London (where prices have fallen by an average of 6.9% each year since 2014).

The government has highlighted Birmingham and the West Midlands as an engine for economic growth for the UK economy; with many large companies

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Lovely Village Location

We are delighted to offer this two bedroom semi detached property in the village of Catthorpe.

The property consists of a large fitted kitchen and two reception rooms both with open fires downstairs. Upstairs, there are two bedrooms and a large family bathroom.

There is plenty of parking at the front of the property as well as gardens to the rear and side.

The property has double glazing and oil fired central heating.

Catthorpe is a small village located in between Rugby & Lutterworth. There is a lovely farm shop with tearoom and a

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Interest Rates Cut Put On Hold

The Bank of England has kept its base rate to 0.50 per cent, despite many analysts expecting it would be cut to 0.25 per cent in what would have been the first change in over seven years.

A cut was widely interpreted by industry commentators as a bid to bolster the housing market against what is expected to be a drop in transactions thanks to the economic uncertainty following the EU referendum.

This morning the Royal Institution of Chartered Surveyors released figures suggesting that since the EU Brexit vote, new buyer enquiries

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Restaurant Plan for Ex-Servicemen’s Club

The former RADEA Club in Castle Street, Rugby, could be turned into a restaurant and apartments.

A planning application is in the process of being submitted to Rugby Borough Council and developer Kulwinder Bath hopes work will be completed by next summer if all goes well.

He said: “The ex-servicemen’s club is in the heart of Rugby town centre which makes it the perfect location for a new restaurant and four modern, spacious apartments.

“Rugby is a thriving town which is just a short train journey away from London, making it a suitable

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Before & After

Competition – Win A Professional Cooker Clean!

** COMPETITION TIME **

This week we have a great prize up for grabs……

You could win a professional oven clean worth £45 from local company Cooker Devil. They work miracles on ovens….and save you getting your hands dirty!

It’s really easy to enter….simply like Cooker Devil’s Facebook page and share the competition status on our Facebook page…then comment below the post with the words ‘Cooker Devil’!

The competition will close at 8pm on Monday 30th May….good luck!

* If you would like details about the services that Cooker Devil offer – visit their Facebook page

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London Buy to let

http://www.telegraph.co.uk/investing/buy-to-let/buy-to-let-tax-will-push-up-the-rents-of-sitting-tenants-says-lo/

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Win FREE Carpet Cleaning!

** COMPETITION TIME **

Over the next few weeks we will be offering a chance to win services to help spruce up your property. From oven cleaning to grass cutting!

Up for grabs this week is professional carpet cleaning worth £75 from local business Compleo Cleaning! (www.compleocleaning.co.uk)

To enter all you need to do is ‘like’ our Rugby Facebook page ‘like’ Compleo Cleaning‘s Facebook page, share the status pinned to the top of the page and comment below it with ‘RED BRICK’

The competition will close at 8pm on Friday 6th May….GOOD LUCK!

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